World Gaming Expo

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A lot is happening on the north end of the Las Vegas strip these days.

The casino formerly known as the Sahara has new owners just a few years after a $415 million upgrade to the property, which included rebranding it as SLS Las Vegas. According to a report from the Las Vegas Review-Journal, Meruelo Group, which owns the Grand Sierra in Reno, have agreed to purchase SLS for an undisclosed price from Stockbridge Capital Partners.

“This is a once in a lifetime opportunity to acquire a premier gaming property on the world famous Las Vegas Strip,” Meruelo said in a statement.

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Melco Resorts & Entertainment Ltd. owner Lawrence Ho told Bloomberg that the ideal scenario for his company would be to be allowed to build an integrated resort in Osaka, in case it wins one of the two Japanese casino licenses to be issued by the country’s government.

The Hong Kong businessman further dwelt on the topic, saying that Osaka and the Kansai region are “more fun” than Tokyo, for example, and it is is exactly fun and entertainment that Melco is focused on.

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The last of the four new full-service casinos to open in Upstate New York has a new name: Resorts World Catskills.

The $1 billion project, under construction at the site of the former Concord Hotel in Kiamesha Lake near Monticello in Sullivan County, was initially pitched as Montreign Resort Casino. It is expected to open in early 2018.

The casino and hotel will be operated by Empire Resorts, which recently entered into a licensing agreement with Resorts World, a global casino and resort developer that is part of the Genting Group of Malaysia. Empire currently owns the Monticello Raceway, a harness track and racino in the area.
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Pennsylvania casinos pull in more total gaming revenue than Atlantic City, and nearly a third of what Nevada does each month. And April was yet another strong month for Commonwealth’s 12 gambling destinations.

The dozen casinos collected $285.25 million in April, a 1.44 percent increase compared to 2016. Table games were responsible for the bump, as they set an all-time monthly high by winning $79.5 million, their best 30-day period since the state legalized tables in 2010.

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Melco Crown Philippines Resorts Corp. is the best-performing casino stock in the world this year. To punters playing baccarat at the company’s City of Dreams venue in Manila, that’s no surprise.

“Foreign players have multiplied and they’re mostly Chinese,” said Fernando, 49, a Filipino supply manager who has been gambling at City of Dreams — which boasts gold-tinted windows and a children’s theme park — since it opened officially in 2015. He didn’t want to give his surname. “There are times that you need to wait to get a seat at the tables and when there’s a thick crowd it’s not rare that you’re playing with a Chinese tourist.”

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Western Fair District could soon become home to a massive new casino, after a B.C. company last week took over provincially operated gaming sites across Southwestern Ontario.

Gateway Casinos and Entertainment Ltd.’s planned $200-million investment in the region will include more slot machines, and full gaming tables and dealers at the fair site, if the city approves.

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From 6 to 8 December 2017, the First World Gaming Expo will take place at the Grimaldi Forum Monaco, a forerunner in the Gaming Industry in Europe.

An innovative concept:
World Gaming Expo is a B to B tradeshow gathering professionals in the gaming industry; suppliers, manufacturers, and service providers.

The programme will include: Conferences, workshops and presentations addressing challenges and new trends in the industry.

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As the current earnings season starts to wrap up, investors will note that some of the most interesting results this round came out of the gaming and casino industry. Thanks to continued domestic strength and improvements in Macau, casino stocks are finally rolling again.

In fact, the overall gaming industry currently sits in the top 16% of the Zacks Industry Rank, and according to our industry-based data , this group of stocks has returned an average of more than 15.9% year-to-date.

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German poker pro Julian Stuer steamrolled the end of the 2017 PokerStars Championship presented by Monte-Carlo Casino® €25,750 High Roller on Friday night to claim €1,015,000 and his first PokerStars Championship title.

The third and final day of the tournament saw 27 hopefuls out of a 187-entry strong field return to the tables at the Monte-Carlo Bay Hotel & Resort, and each of them guaranteed a portion of the massive €4.5 million prize pool.

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